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How can the Reds afford $117 million? How can KC afford $114?
There is no reasonable argument that we should be anywhere under $105 million other than penny pinching. That would put us ranked 20th.
$115 million dollar payroll would be ranked 15th, dead in the middle.
Similar sized midwestern markets are clustered between $105-120 roughly. We aren't even trying to compete at the current level.
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Market size does not equal revenue. The Indians are generally a bottom 5 team in terms of revenue, regardless of comparable markets. So, I would consider lack of revenue to be a fairly reasonable argument.
There's speculation the Reds can't afford their payroll and flat attendance will result in their operating at a loss. KC just came off a lengthy WS run and attendance spike which resulted in their payroll only reaching into that territory this year.
Every MLB situation is unique. The Indians situation is that there isn't money to spend at a sustainable level right now.